Sign up UNITED KINGDOM
Proactive Investors - Run By Investors For Investors
Markets

Risers & Fallers: Sula shines as new investor comes on board

Largest share price rises and falls in London at 3.30pm
picture of gold nuggets
Sula climbs as new partner comes on board

Largest share price rises and falls in London at 3.30pm

RISERS

Sula Iron and Gold PLC (LON:SULA) up 21% to 0.13p. Madini Occidental, a private, Seychelles-incorporated company, is owned by Madini Minerals and private high net worth investor Ian Schofield to inject US$400,000 for 26% stake.

Porta Communications PLC (LON:PTCM) up 11% to 3.45p. Investors reacted positively to the news that Steffan Williams, formerly the firm’s managing director, will step up to chief executive. His predecessor and Porta’s founder, David Wright, will become chairman as he takes over from Bob Morton, who is departing for health issues.

Coats Group PLC (LON:COA) up 9% to 37p. Told investors on Thursday that the “challenging market conditions” that hit second quarter sales have improved during the third quarter. As a result, the board now expects adjusted operating profits to be ahead of previous expectations.

 

FALLERS

Diamondcorp Plc (LON:DCP) down 42% to 1.7p. Ordered to shut down operations at its Lace mine in South Africa after a fire in a dump truck.

Kolar Gold Ltd (LON:KGLD) down 14% to 1.5p. Entered into a memorandum of understanding to establish a joint venture as it looks to develop gold assets in Finland.

N Brown Group PLC (LON:BWNG) down 7% to 188p. Customer numbers at the Jacamo and Simply Be owner fell in the first half of its financial year, while pre-tax profits also dipped slightly.

 


 

Largest share price rises and falls in London at 12.30pm


RISERS

RM2 International (LON:RM2) up 6% to 27.0p.  Company has won a contract from temperature-controlled warehouse and logistic group for its RM2 pallets and management of the pallet pool. Agreement will require 200,000 pallets.

Polo Resources Limited (LON:POL) up 4% to 5.95p. Investee company Hibiscus Petroleum has bought out Shell’s 50% stake in the North Sabah PSC in Malaysia for US$25mln.

WH Smith PLC (LON:SMWH) up 3%to 1,577p. Group pre-tax profit was up 8% to £131mln on total revenue up 3% at £1.2bn and by 1% like-for-like in its latest full year update.


FALLERS

Xcite Energy PLC (LON:XEL) down 8% to 1.67p. North Sea oil and gas company files wrong set articles of association that contain clauses that were not approved by shareholders at the AGM.

Leeds Group plc (LON:LDSG) down 4% to 36p. Sales below expectations due to warm weather throughout Europe says textile group. Sales at ChinohTex have also been held back by large scale factory closures around the Shanghai area ordered by the Chinese authorities.

 



Largest share price rises and falls in London at 9.00am

RISERS

Crimson Tide PLC (LON:TIDE) up 12% to 3.17p. Company has signed its most significant long term contract to date with a large UK retailer. Worth £1.7mln, its mpro5 service will be used to ensure store safety, cleanliness and security and follows a successful pilot.

Cloudbuy PLC (LON:CBUY) up 9% to 5.7p. Business-to-business (B2B) e-procurement group is to deliver a new online marketplace for FSB, the non-profit business services provider.

FALLERS

Goldstone Resources PLC (LON:GRL) down 15% to 1.92p. Junior gold explorer is facing claim from former director over termination of his employment. Sum would represent a significant proportion of company’s resources.

Anglo Asian Mining Plc (LON:AAZ) down 5% to 19.9p. Gold output in the period was 16,497 ounces compared to 19,375 ounces in the second quarter, while copper production came in at 485 tonnes, compared to 497 tonnes.

Scholium Group PLC (LON:SCHO) down 5% to 36p. Book sales have been hit by Brexit uncertainty but margins have been boosted by lower pound. Board anticipates a small loss for the first half but says activity has recovered.

PhilW.jpg

No investment advice

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is suitable or advisable for any specific person. You further understand that none of the information providers or their affiliates will advise you personally concerning the nature, potential, advisability, value or suitability of any particular security, portfolio of securities, transaction, investment strategy, or other matter.

You understand that the Site may contain opinions from time to time with regard to securities mentioned in other products, including company related products, and that those opinions may be different from those obtained by using another product related to the Company. You understand and agree that contributors may write about securities in which they or their firms have a position, and that they may trade such securities for their own account. In cases where the position is held at the time of publication and such position is known to the Company, appropriate disclosure is made. However, you understand and agree that at the time of any transaction that you make, one or more contributors may have a position in the securities written about. You understand that price and other data is supplied by sources believed to be reliable, that the calculations herein are made using such data, and that neither such data nor such calculations are guaranteed by these sources, the Company, the information providers or any other person or entity, and may not be complete or accurate.

From time to time, reference may be made in our marketing materials to prior articles and opinions we have published. These references may be selective, may reference only a portion of an article or recommendation, and are likely not to be current. As markets change continuously, previously published information and data may not be current and should not be relied upon.

© Proactive Investors 2017

Proactive Investor UK Limited, trading as “Proactiveinvestors United Kingdom”, is Authorised and regulated by the Financial Conduct Authority.
Registered in England with Company Registration number 05639690. Group VAT registration number 872070825 FCA Registration number 559082. You can contact us here.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use